Partnership Objectives
Background
From April to August 2007, the Boards of the credit unions commissioned Due Diligence Reports to assess the benefits and challenges of a partnership.
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The Due Diligence Reports studied each area of business as it affects stakeholders:
- Members
- Employees
- Communities
- Financial and Risk.
In August, the Boards met to review the reports. Based on the findings, the Boards unanimously supported partnership and decided to proceed to a member vote.
Members vote locally from November 1st to 15th.
There are many advantages to becoming partners. The approach to our partnership ensures a better credit union for all stakeholders.
A new partnership means:
- Better service to our membership through enhanced products and convenient access in a larger network of branch locations.
- A higher level of support to our communities.
- Expanded ability to attract and retain a qualified work force.
- Enhanced expertise in agricultural and business lending, including the availability of an agrologist and special business experts.
- Access to specialized resources, including wealth management, trust and estate services, and financial planning.
- Long-term financial strength.